Neuberger Berman Group LLC grew its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL – Get Rating) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,420,037 shares of the business services provider's stock after buying an additional 2,632 shares during the period. Neuberger Berman Group LLC owned 1.54% of Stericycle worth $83,684,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Stericycle by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 8,406,489 shares of the business services provider's stock worth $495,310,000 after purchasing an additional 47,737 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Stericycle by 1.2% during the 1st quarter. Capital Research Global Investors now owns 4,396,958 shares of the business services provider's stock worth $259,069,000 after purchasing an additional 51,885 shares during the period. Ariel Investments LLC increased its stake in Stericycle by 2.3% in the first quarter. Ariel Investments LLC now owns 4,340,429 shares of the business services provider's stock valued at $255,738,000 after acquiring an additional 95,921 shares during the period. Black Creek Investment Management Inc. increased its stake in Stericycle by 10.1% in the first quarter. Black Creek Investment Management Inc. now owns 3,061,289 shares of the business services provider's stock valued at $180,371,000 after acquiring an additional 280,552 shares during the period. Finally, State Street Corp boosted its position in Stericycle by 4.9% in the first quarter. State Street Corp now owns 2,431,548 shares of the business services provider's stock valued at $143,267,000 after buying an additional 114,639 shares in the last quarter. Institutional investors and hedge funds own 98.05% of the company's stock.
Get Stericycle alerts:Stericycle Price Performance
Shares of SRCL stock opened at $49.41 on Friday. The firm's 50 day moving average is $49.14 and its 200-day moving average is $50.31. Stericycle, Inc. has a 1 year low of $40.35 and a 1 year high of $70.91. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -52.01, a PEG ratio of 3.12 and a beta of 1.25. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.
Stericycle (NASDAQ:SRCL – Get Rating) last released its earnings results on Friday, August 5th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.04. Stericycle had a negative net margin of 3.28% and a positive return on equity of 6.22%. The business had revenue of $679.80 million during the quarter, compared to the consensus estimate of $678.27 million. During the same quarter last year, the firm earned $0.67 earnings per share. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Stericycle, Inc. will post 2.02 EPS for the current fiscal year.Stericycle Profile
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Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.
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